Aurora Cannabis Inc

ACB: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 91.00	Tpzk	Fycgw

Aurora Cannabis: Slashing Fair Value Estimates as Small Size Handicaps Its Competitiveness

Kristoffer Inton

Jun 26, 2024

After reviewing no-moat Aurora Cannabis’s fiscal fourth-quarter results, we’ve slashed our fair value estimates to $9.50 and CAD 13 per share, down from $16.50 and CAD 22.50, respectively. Despite trading well below our fair value estimates, we see significant idiosyncratic risk in Aurora and see better risk-adjusted upside in no-moat US multistate operators Curaleaf and Green Thumb.

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